New York, NY, May 20, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Air Compressor Market By Type (Dynamic and Positive Displacement), By Pressure (0–20 Bar, 20–100 Bar, and Above 100 Bar), By Output Power (0–50 kW, 50–250 kW, 250–500 kW, and Above 500 kW), By Seal (Oil Free and Oil Immersed), and By End-Use (Oil & Gas, Power Generation, Food & Beverage, Medical, Manufacturing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global industrial air compressor market was around USD 29.02 billion in 2018 and is expected to be approximately USD 46.37 billion by 2025, at a CAGR of slightly above 6.93% between 2019 and 2025.
Industrial air compressors are one of the important equipment in any heavy industry, as they convert power into potential energy stored in pressurized air. The application of air compressors can range from heavy air compressors used in petrochemical zones and industrial gases to spray guns that are used in the automotive manufacturing sector. With the rising energy consumption, the need for energy-efficient industrial air compressors is expected to rise. Technological innovations will also drive the industrial air compressor market.
Browse through 138 Tables & 38 Figures spread over 138 Pages and in-depth TOC on “Global Industrial Air Compressor Market Size 2018: Industry Type, Share, Trends, Growth, Analysis and Forecast, 2025”.
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The up-gradation in the performance and system costs will result in the replacement of industrial air compressors. Rapid industrialization and rising energy consumption augment the manufacturing of energy-efficient compressors. Moreover, the emerging use of air compressors for airbags and tire pressure monitoring is another factor contributing to the growth of the industrial air compressor market globally. However, in conventional models, customers have to deal with noisy operations for oil-free compressors and lubrication issues in oiled industrial air compressor may hinder this market.
The global industrial air compressor market is fragmented based on type, pressure, output power, seal, and end-use. By type, the market includes positive displacement and dynamic. The positive displacement type compressor is anticipated to hold a significant market share. Positive displacement compressors are further segment into rotary screw (centrifugal and axial waft air compressors) and reciprocating air compressors. By pressure, the market includes above 100 bar, between 20 and 100 bar, and between 0 and 20 bar. The output power segment comprises above 500 kW, between 250 and 500 kW, between 50 and 250 kW, and between 0 and 50 kW. By seal, the market includes oil free and oil immersed. The end-user segment of the industrial air compressor market includes oil and gas, medical, food and beverage, manufacturing, power generation, and others.
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The North American industrial air compression market is anticipated to hold a substantial in the future, owing to the high demand for product innovations, cost-effectiveness and energy-efficient air compressor in oil and gas, manufacturing, and chemical sectors. Moreover, the presence of developed economies like the U.S. and Canada has a great impact on the sales and new innovations of the region’s industrial air compression market. The region’s automotive industry immensely contributes to the U.S. economy. Moreover, the activities that need high pressure like drilling, oil extraction, and mining widely happen across the North American region, which is another factor driving the region’s industrial air compressor market growth. Furthermore, the growing demand for lubricant-free and oil-free compressors will lead to the replacement of old compressors, thereby further propelling the industrial air compressor market over the estimated time period.
Europe is expected to witness substantial growth with the presence of renowned market players, such as BOGE Kompressoren, Elliott Group, GE Oil & Gas, and Siemens and rising research and development activities in the European Union. Industrial air compressor market is estimated to hold a substantial share in Germany, due to the existence of its matured automobile industry.
Browse the full “Industrial Air Compressor Market By Type (Dynamic and Positive Displacement), By Pressure (0–20 Bar, 20–100 Bar, and Above 100 Bar), By Output Power (0–50 kW, 50–250 kW, 250–500 kW, and Above 500 kW), By Seal (Oil Free and Oil Immersed), and By End-Use (Oil & Gas, Power Generation, Food & Beverage, Medical, Manufacturing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/industrial-air-compressor-market
The Asia Pacific is expected to hold a substantial market share, due to the various investment plans in high-speed rail owing to increasing regional population. The extensive manufacturing of automobiles in the region is another growth driver for this market. China is dominating the Asia Pacific market, owing to rising investments made in the automobile sector, increasing industrialization, and growing per capita income. All these factors will drive the need for transportation services to a large extent, thereby contributing to the region’s industrial air compressor market.
In Latin America, Pressure Compressors Ltd. was acquired by Atlas Copco in 2017, which helped to enhance the regional market by serving air treatment products, screw compressors, and piston compressors. The major customers were mainly from Brazil among other South American countries. In the Middle East and Africa, the demand for commercial vehicles and passenger cars has increased in the last few years. Mattei Group has been sending products to Africa for more than 25 years and manufactured high-end compressors to cater to the local market.
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Some prominent players of the global industrial air compressor market are Atlas Copco, BOGE Kompressoren, Gardner Denver, Ingersoll-Rand, Mitsubishi Heavy Industries, Doosan Infracore, Elliott Group, GE Oil & Gas, Hitachi, Siemens, and Sulzer.
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This report segments the global industrial air compressor market into:
Industrial Air Compressor market: Type Analysis
- Dynamic
- Positive Displacement
Industrial Air Compressor market: Pressure Analysis
- 0–20 Bar
- 20–100 Bar
- Above 100 Bar
Industrial Air Compressor market: Output Power Analysis
- 0–50 kW
- 50–250 kW
- 250–500 kW
- Above 500 kW
Industrial Air Compressor market: Seal Analysis
- Oil Free
- Oil Immersed
Industrial Air Compressor market: End-Use Analysis
- Oil and Gas
- Power Generation
- Food and Beverage
- Medical
- Manufacturing
- Others
Industrial Air Compressor market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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